Some additional info, from Prof. Richardson (quoted):

“In February, the cryptocurrency bitcoin experienced its biggest monthly drop since June 2022, falling by 17.5%. On Sunday, in a post on his social media site, Trump announced that the government will create a strategic stockpile of five cryptocurrencies, spending tax dollars to buy them.

…The first three currencies Trump announced were not well known, and the announcement sent their prices soaring. Hours later, he added the names of the two biggest cryptocurrencies, including bitcoin. After the initial surges, by Monday prices for the currencies had fallen roughly back to where they had been before the announcement, making the announcement look like a pump-and-dump scheme. Economist Peter Schiff, a Trump supporter, called for a full congressional investigation….”

US Policy FAQ

---

Contact Shrewd'm
Contact the developer of these message boards.